Word: problem
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...issue of why the latest figure is not a bottom. According to MarketWatch the firm said in a note, "The government's rapid easing of credit and rollout of infrastructure projects has bolstered FAI, helping offset decreased investment by export manufacturers and property developers." The US faces the same problem with its stimulus package. If it does not catch hold quickly unemployment, falling housing prices, and lack of access to credit will overwhelm the money being pushed into the economy by the Administration. (See pictures of China's electronic waste village...
...exports. It shows how dependent the country is on its trade partners. With the recession in the major consuming nations deepening and signs that it may not reverse itself, China faces three more quarters of economic difficulty. Basically, the central government cannot spend its way out of its export problem...
...Child Left Behind Act pushed by President George W. Bush unintentionally exacerbated the problem. It required each state to ensure that its students achieve "universal proficiency" in reading and math - but allowed each to define what that meant. The result was that many states made their job easier by setting their bar lower. This race to the bottom resulted in a Lake Wobegon world where every state declared that its kids were better than average. Take the amazing case of Mississippi. According to the standards it set for itself, 89% of its fourth-graders were proficient or better in reading...
...Everyone agrees that the existing standards aren't working; what has been lacking so far, on both sides of the ideological divide, is the political will to do anything about them. Bush and his reform-oriented Education Secretary, Margaret Spellings, recognized the problem, but as a former governor, Bush was keenly attuned to the political problem of pushing for national standards. I remember listening to him at a White House lunch he hosted for a small group attending an Aspen Institute education forum. He challenged former Democratic governor Roy Romer of Colorado, who made a case for common standards. Bush...
...part of your plan to reinflate No Child Left Behind? It was dramatically underfunded. And again, we're taking that [problem] off the table. While it's never enough money, historic levels of resources are going into education. What I think No Child Left Behind got right was, it forever put a spotlight on the difference of achievement between white kids and children of color - African-American and Latino. Forevermore, our country can't sweep that under the rug. Those conversations are tough and hard, but they are real. What NCLB did was, they were very loose on the goals...